It has been more than eight months since the cryptocurrency market suffered a flash crash on Oct. 10, 2025.
Bitcoin (BTC), which had hit the all-time high (ATH) of $126,080 only days before the crash, is currently trading nearly 50% lower.
In fact, the leading cryptocurrency has even failed to reach the $85,000 price mark for the last three months.
Related: Elon Musk has blunt proposal for U.S. Treasury
Besides the flash crash in October last year, the sudden sale of 32 BTC by Michael Saylor’s Strategy (Nasdaq: MSTR) last month and the interest of investors in the initial public offerings (IPOs) of artificial intelligence (AI) companies like Elon Musk’s SpaceX (Nasdaq: SPCX) have also contributed to the ongoing crypto winter.
Understandably, the interest of traders in Bitcoin is fading.
More News:
Google searches for Bitcoin hit lowest level since June 2025
Latest data from Google Trends shows that during the past one year, worldwide searches for the word “Bitcoin” hit the highest level during the Feb. 1-8 week when the cryptocurrency was sharply declining from $78,000 to $63,000.
During the June 14-21 week, search interest has declined to only 29% of the peak week’s popularity. The figure is the same as during the June 29-July 6, 2025 week.
As far as the sentiment of crypto investors is concerned, they fear the current market conditions.
The CoinGlass Crypto Fear & Greed Index currently lies at 21, showing “Fear” sentiment.
The index has often fallen into the “Extreme Fear” territory several times during the past few months, reflecting the bearish sentiment prevalent among crypto traders.
Bitcoin was trading at $64,526 at the time of writing, as per Decibel.
Related: Ex-Trump advisor makes bold 5-point case for Bitcoin
This story was originally published by TheStreet on Jun 22, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.